LeBron James is on the cover of the August 2008 issue of TIME Magazine. He’s currently working hard to push towards the gold medal in the 2008 Men’s Basketball Olympics in Beijing. He talks a little bit about how proud he was to represent the creator of basketball [USA]:

LEBRON: “It’s going to be like waking up on Christmas Day,” says James picturing himself on the stand being presented Beijing’s gold medal. “All you dreamed about this whole month was having that bike you wanted, and you get down to your living room — it’s there. It’s like one of the greatest things that has ever happened to you.”

TIME MAGAZINE: So you’re going to bring a hoops title back home to the U.S., the country that gave birth to the game, reared it and then lost the ball to more graceful global neighbors?

LEBRON: “Absolutely,” James responds. Guarantee it? “Absolutely.”

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The USA Basketball Senior Team got off to a great start in the 2008 Men’s Basketball Olympics last night and made me very proud! Although LeBron James was injured with a sprained ankle for the challenge the team still did wonders on the court without him beating Canada by 55 (120-65)!!! Imagine if LeBron James was playing! Coach Mike Krzyzewski said he wanted Dwyane Wade as emergency backup just in case something happened to Kobe Bryant or LeBron James. The backup [Dwayne Wade] kicked into overdrive in the challenge against Canada scoring 20 points in his first game in 4 months. Chris Paul, who had 11 points and 8 assists, talked about Wade’s perservance:

“D-Wade is a warrior to anybody who knows him. He’s been rehabbing and he’s been working out probably more than anybody, just trying to get back in shape,” Chris Paul said. “That’s D-Wade. We see it every day in practice and you saw it tonight, that he’s back. When he’s aggressive like that, we’re a dangerous team.”

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LAS VEGAS, NEVADA // WEDNESDAY, JULY 23RD 2008 » The star players of the USA Basketball team are now currently training for the 2008 Olympics as we speak. They were actually practicing at a local high school to prepare them for the official games. They played against selected rookies including Derrick Rose as well for preparation. Check out more photos from their practice after the cut.

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NEW ORLEANS, LOUISIANA // FRIDAY, JULY 4TH 2008 » So many celebs came out to support, perform and attend the 2008 Essence Music Festival this year on Independence Day. Rihanna, Chris Brown, Kanye West and J. Holiday all performed friday night at the Ernest N. Morial Convention Center and Louisiana Superdome. Solange, Bow Wow, Chris Paul, LeBron James, and more were all at the festival for the first day on the 4th. Check out more pics after the cut.

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ESPN Magazine recently sat down with star players, Kobe Bryant; LeBron James; Dwayne Wade; and Carmelo Anthony, of the USA Basketball Team and asked them about playing with the new teammates and how they thought this years’ Olympics are gonna be like. Stay tuned for more Olympics news soon! Check out the video above.

NEW YORK // MONDAY, JUNE 30TH 2008 » The USA Basketball Team was in New York today on a media tour promoting the upcoming 2008 World Basketball Olympics. We have an amazing lineup team! Carmelo Anthony (Denver Nuggets); Carlos Boozer (Utah Jazz); Chris Bosh (Toronto Raptors); Kobe Bryant (Los Angeles Lakers); Dwight Howard (Orlando Magic); LeBron James (Cleveland Cavaliers); Jason Kidd (Dallas Mavericks); Chris Paul (New Orleans Hornets); TayShaun Prince (Detroit Pistons); Michael Redd (Milwaukee Bucks); Dwyane Wade (Miami Heat); and Deron Williams (Utah Jazz) are all on USA Basketball Olympians this year. I’ve been waiting for this and I can’t wait til’ it starts! I hope we win it all this year! ESPN is even doing a five-part documentary series called “Road To Redemption presented by NIKE”. The first episode will air Wednesday, July 2 @ 7PM ET on ESPN2. View the trailer now!

Check out more photos after the cut!

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Sports Illustrated composed a list together of some of the top paid athletes in the game using 2007’s calendar year. Here is the following numbers:

1. Tiger Woods: $127 Million

2. Phil Mickelson: $62.4 Million

3. LeBron James: $40.5 Million

4. Floyd Mayweather Jr.: $40.3 Million

5. Kobe Bryant: $35.5 Million

6. (Tie) Shaquille ‘O Neal: $35 Million

6. (Tie) Alex Rodriguez: $35 Million

8. Kevin Garnett: $31 Million

9. Peyton Manning: $30.5 Million

10. Derek Jeter: $30 Million

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The Cleveland Cavaliers beat the Boston Celtics in Game 4 last night. The series is now tied (2-2). The Cavs won by a good 11 points (88-77). The indeed had to win Game 4 in order to stand ground in this series. LeBron James, who had 21 points, 13 assists and 6 rebounds, said at the game’s end:

“We took care of home court and turned it into a three-game series,” James said.

Zydrunas Ilgauskas had 9 points, 7 rebounds and 2 assists. Kevin Garnett finished the game with 15 points and 10 rebounds for the Celtics.

Click play on the video for more details.

Game 5 airs Wednesday (May 14) @ 8PM on TNT.